Too often, people are caught up in the weeds, doing work that is consuming their energy, which is not a scalable or efficient business model. That’s why in a real estate business like multifamily, it’s crucial to be a master delegator. In today’s #Highlights episode, we feature our conversations again with Steve Rozenberg and Kay Kay Singh who tell us their secret on how they were able to scale fast and find success.
Watch the episode here:
Listen to the podcast here:
Steve shares some of the ways in which he delegates, the kind of systems he has in place to make this delegation possible, and much more. Meanwhile, Kay Kay talks about effective ways how you can be a successful passive investor in this space. Click the play button now and learn valuable lessons on how you can be a master delegator today!
Key Points From This Episode:
- How 9/11 changed the trajectory of Steve’s career and led him to real estate investing.
- Having a coach or mentor in any field, not only real estate, is critical to success.
- The best thing you can do is listen to people who are smarter and have more experience than you.
- Admitting that you are not smart enough to do everything is a big challenge for many people.
- Before assembling the best team, it is important to establish and concretize goals.
- An explanation of the difference between goals and strategies.
- Real estate investing is not about the physical structure, it’s about the creation of a business.
- The thought processes that Kay Kay had as far as whether he should be a passive investor.
- How did Kay Kay decide to be passive and learn to do this business?
- How to know who to work with in the real estate space?
- How to come up with the criteria for a sponsor?
- Why is educating yourself important?
“I mean, all of the best in the world. Were they the best because they were the best, or were they the best because they were coached? And so, you can say it any way you want, but the reality is this is not a singular sport. Investing is not a singular sport. Running investment properties is not a singular sport. It’s a matter of – It’s like a general. A general doesn’t win a war. His troops do.” – Steve Rozenberg
“I think the biggest challenge we all have when we get involved in real estate or syndication or anything, everybody thinks that what they do is relative to how smart they are or how good they are. It’s not.” – Steve Rozenberg
“I’m very humble that if I see someone smarter than me, I am at the front of the row, and I’ll be their best student. I want to learn from those people, because they have done something that I haven’t, and I am not the smartest person.” – Steve Rozenberg
“When I started, I was not invested in becoming a syndicator, but I thought, “I’m going to keep investing passively.” As I started learning, I realized that it was my passion.” – Kay Kay Singh
“I had been setting up my goals, but most of my goals I can’t meet because I was not doing the right way. I started learning about setting goals, how to set goals and how to track my goal and how to be very specific on the goal. I started learning all that motivational stuff and kept moving on onwards and upwards, which is the motto of our company.” – Kay Kay Singh
Links Mentioned in Today’s Episode:
About Steve Rozenberg
Steve has owned a 39-unit apartment building as well as over 40 SFH. He has wholesaled over 100 Properties. He is a commercial Airline Pilot who turned investor after 9/11 and threatened his “secure” livelihood. After meeting his business partner Pete, they failed miserably as investors thanks to terrible tenants, worse neighborhoods, and zero structure. It took them years, but with help, they have figured out how to leverage each other’s strengths. Steve is currently on 2 Podcast shows. Landlord Survival; where he actively helps the regular landlord overcome day-to-day problems and Lion’s Leadership Den where he and his co-host help the more seasoned investors find the leader within. He has the opportunity to travel across the US and even to Australia and New Zealand sharing his passion to educate the “at-home” Landlord on how to be successful in the ‘business’ of Real Estate.
About Kay Kay Singh
A successful multi-business owner owning multiple gas stations and convenience stores, a laundromat, and 40 SFRs in Northeast Indiana and Multifamily syndicated deals at Several locations in the US.
Have several agricultural and commercial and residential properties in India. Has over 18+ years of business experience in the US and always seeking expansion opportunities. Always interested in new investment opportunities.
Love the show? Subscribe, rate, review, and share!
Join the Real Estate Syndication Show Community: